Hope Academy INC: Nonprofit Profile, Financials & Form 990 (EIN 41-1962874)

Jim Stigman’s $199K as Head of Adva is at the 36th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Jim Stigman	$198,734	$181,490	$168,729	$156,652	$118,436	$122,760
Russ Gregg	$142,582	$138,994	$114,044	$97,961	$91,933	$83,353
Nathan Ziegler	$108,992	—	—	—	—	—
Gwen Smith	$86,515	—	—	—	—	—
Jeremy Donaldson	$80,794	$65,683	—	—	—	—
Kelvin Simms	$67,135	—	—	—	—	—
John Villas	$49,647	$61,906	$54,523	$37,205	$34,155	$32,705

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers faith-based education to inner-city children.

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1 program · $23.1M · in their own filed words · FY2024

01

The school accepts students in all grades from kindergarten up to twelve. All expenses went toward providing a high quality, christ-centered education.

$23.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Natl Christian Charitable Fdn INCFY2024$4.0M

Donor Advised Charitable Giving INCFY2024$512K

Fidelity Investments Charitable Gift FundFY2024$467K

Vanguard Charitable Endowment ProgramFY2024$312K

The Minneapolis FoundationFY2024$206K

The US Charitable Gift TrustFY2024$149K

American Gift FundFY2024$122K

Catholic Community Foundation of MinnesotaFY2024$90K

Total grants receivedfrom 18 funders$6.1M

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Grants paid · 4 grants · $4.5M · 2019–2023

Hope Academy Holding CompanyMN · FY2023$4,342,923

Spreading Hope INCMN · FY2023$40,000

Unitemized GrantFY2020$85,335

Unitemized GrantFY2019$13,033

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$32.1M

Ln 12

Gifts and grantsLn 1h$20.4M

Fees for servicesLn 2g$11.0M

Investment incomeLn 3$515K

Money outPt IX

$24.9M

Ln 25

Programscol B$23.1M

Managementcol C$863K

Fundraisingcol D$995K

Owns and owesPt X

$43.9M

net assets · Ln 32

Cash and savingsLn 1–2$15.5M

Total assetsLn 16$46.9M

LiabilitiesLn 26$3.0M

PeoplePt VI, VII

18

listed · VII A

PaidVII A7

Voting boardVI 1a13

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$20.4M

Government grantsLn 1e$1.4M

Noncash giftsLn 1g$2.9M

Fundraising eventsLn 1c$338K

Fees for servicesLn 2g$11.0M

Investment incomeLn 3$515K

Other incomeLn 4–11$200K

Gains on assetsLn 7$22K

Total revenueLn 12$32.1M

Assets in detailPt X, end of year

CashLn 1$1.1M

SavingsLn 2$14.4M

Cash and savings togetherLn 1–2$15.5M

InvestmentsLn 11–13$3.5M

Land, buildings, equipmentLn 10c$20.0M

Other assetsLn 15$7.4M

Total assetsLn 16$46.9M

LiabilitiesLn 26$3.0M

Net assetsLn 32$43.9M

OperationsPt I, VI

EmployeesI 5168

VolunteersI 690

Fiscal year endsHeaderJuly

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$8.4M	$15.5M
InvestmentsLn 11–13	$3.0M	$3.5M
Land, buildings, equipmentLn 10c	$18.8M	$20.0M
Total assetsLn 16	$38.2M	$46.9M
LiabilitiesLn 26	$1.6M	$3.0M
Net assetsLn 32	$36.6M	$43.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$10.1M	$10.1M
Pay of current officers, directors and key staffLn 5	$546K	$469K	$34K	$43K
Other salaries and wagesLn 7	$8.9M	$7.6M	$544K	$681K
Pension plan contributionsLn 8	$230K	$195K	$15K	$19K
Other employee benefitsLn 9	$743K	$631K	$50K	$62K
Payroll taxesLn 10	$629K	$534K	$42K	$53K
Management feesLn 11a	$48K	$48K
Accounting feesLn 11c	$46K		$46K
Investment management feesLn 11f	$16K		$16K
Other fees for servicesLn 11g	$588K	$575K	$4K	$10K
Advertising and promotionLn 12	$106K	$61K	$34K	$11K
Office expensesLn 13	$129K	$109K	$9K	$11K
Information technologyLn 14	$196K	$166K	$13K	$16K
OccupancyLn 16	$621K	$605K	$8K	$8K
TravelLn 17	$30K	$30K
Depreciation, depletion and amortizationLn 22	$1.1M	$1.0M	$16K	$16K
InsuranceLn 23	$144K	$139K	$2K	$3K
Other expenses (24a–d)Ln 24	$717K	$709K	$3K	$5K
All other expensesLn 24e	$171K	$86K	$28K	$57K
Total functional expensesLn 25	$24.9M	$23.1M	$863K	$995K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$32.1M	$24.9M	$7.2M	$43.9M	990 PDF
FY2024	$31.8M	$37.1M	−$5.3M	$36.6M	990 PDF
FY2023	$27.0M	$11.7M	$15.4M	$41.6M	990 PDF
FY2022	$13.7M	$9.8M	$3.9M	$26.2M	990 PDF
FY2021	$12.5M	$8.6M	$3.8M	$22.5M	990 PDF
FY2020	$9.5M	$7.6M	$1.9M	$18.6M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $32,111,922 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $21,251,021$20,389,359

I-9 Program service revenuePrior year $9,773,945$11,006,979

I-10 Investment incomePrior year $702,429$515,324

I-11 Other revenuePrior year $73,104$200,260

I-12 Total revenuePrior year $31,800,499$32,111,922

I-13 Grants and similar amounts paidPrior year $23,990,748$10,079,667

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $9,712,168$11,001,161

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $3,395,140$3,863,321

I-18 Total expensesPrior year $37,098,056$24,944,149

I-19 Revenue less expensesPrior year −$5,297,557$7,167,773

Part VI · Governance 11 of 13 board members independent, 1 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members11

VI-13 Written whistleblower policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $32,111,922 across 11 lines filed

VIII-1c Fundraising events$338,155

VIII-1e Government grants$1,394,999

VIII-1f All other contributions, gifts and grants$18,656,205

VIII-1g Noncash contributions (included above)$2,907,550

VIII-1h Total contributions, gifts and grants$20,389,359

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,006,979$11,006,979

VIII-3 Investment incomeExcluded from tax $493,657$493,657

VIII-6 Net rental income or lossExcluded from tax $277,347$277,347

VIII-7 Net gain or loss on sales of assetsExcluded from tax $21,667$21,667

VIII-8 Net income from fundraising eventsExcluded from tax −$77,087−$77,087

VIII-12 Total revenueRelated to mission $11,006,979 · Excluded from tax $715,584$32,111,922

Part IX · Statement of functional expenses $24,944,149 across 19 lines filed

IX-2 Grants to domestic individualsPrograms $10,079,667$10,079,667

IX-5 Pay of current officers, directors and key staffPrograms $469,166 · Management $34,019 · Fundraising $42,553$545,738

IX-7 Other salaries and wagesPrograms $7,628,361 · Management $544,271 · Fundraising $680,819$8,853,451

IX-8 Pension plan contributionsPrograms $195,491 · Management $15,493 · Fundraising $19,379$230,363

IX-9 Other employee benefitsPrograms $630,527 · Management $49,906 · Fundraising $62,426$742,859

IX-10 Payroll taxesPrograms $534,051 · Management $42,072 · Fundraising $52,627$628,750

IX-11a Management feesPrograms $48,000$48,000

IX-11c Accounting feesManagement $45,500$45,500

IX-11f Investment management feesManagement $16,087$16,087

IX-11g Other fees for servicesPrograms $574,703 · Management $4,165 · Fundraising $9,563$588,431

IX-12 Advertising and promotionPrograms $61,461 · Management $33,659 · Fundraising $11,240$106,360

IX-13 Office expensesPrograms $109,448 · Management $8,622 · Fundraising $10,785$128,855

IX-14 Information technologyPrograms $166,349 · Management $13,105 · Fundraising $16,393$195,847

IX-16 OccupancyPrograms $604,583 · Management $7,767 · Fundraising $8,228$620,578

IX-17 TravelPrograms $29,677$29,677

IX-22 Depreciation, depletion and amortizationPrograms $1,020,720 · Management $15,620 · Fundraising $15,619$1,051,959

IX-23 InsurancePrograms $139,035 · Management $2,455 · Fundraising $2,753$144,243

IX-24 Other expenses (24a–d)Programs $709,151 · Management $2,514 · Fundraising $4,915$716,580

IX-24e All other expensesPrograms $86,368 · Management $27,619 · Fundraising $57,217$171,204

IX-25 Total functional expensesPrograms $23,086,758 · Management $862,874 · Fundraising $994,517$24,944,149

Part X · Balance sheet $46,908,680 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $215,483$1,113,225

X-2 Savings and temporary cash investmentsStart of year $8,232,250$14,360,425

X-3 Pledges and grants receivableStart of year $500,000$250,000

X-4 Accounts receivableStart of year $127,989$130,916

X-9 Prepaid expenses and deferred chargesStart of year $50,116$142,285

X-10c Land, buildings and equipment, netStart of year $18,827,748$20,021,564

X-12 Other securitiesStart of year $2,994,973$3,537,374

X-15 Other assetsStart of year $7,208,000$7,352,891

X-16 Total assetsStart of year $38,156,559$46,908,680

X-17 Accounts payable and accrued expensesStart of year $1,524,131$782,111

X-19 Deferred revenueStart of year $31,924$18,616

X-25 Other liabilities$2,166,129

X-26 Total liabilitiesStart of year $1,556,055$2,966,856

X-27 Net assets without donor restrictionsStart of year $10,563,165$37,198,140

X-28 Net assets with donor restrictionsStart of year $26,037,339$6,743,684

X-32 Total net assets or fund balancesStart of year $36,600,504$43,941,824

X-33 Total liabilities and net assetsStart of year $38,156,559$46,908,680

Part XI · Reconciliation of net assets $43,941,824 net assets at year end

XI-1 Total revenue$32,111,922

XI-2 Total expenses$24,944,149

XI-3 Revenue less expenses$7,167,773

XI-4 Net assets at start of year$36,600,504

XI-5 Net unrealized gains (losses) on investments$173,547

XI-10 Net assets at end of year$43,941,824

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Hope Academy INC

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